The price of gold within the ascending channel has shown steady growth and reached its upper limit. After this quotation started correct downward in the near future with a high probability will go down to 1140. In case of the continuation of the upward movement, quotes will reach the level of resistance at 1165. We expect growth in the near future, but its potential is low.
Nearest resistance levels: 1150, 1165, 1195, 1205, 1215, 1230
Nearest support levels: 1120, 1100, 1080, 1060, 1050, 1100
The price of Light sweet crude oil rebounded from the important support level at 44.00 and continues to grow within the range 44,00-47,00. In case of continued growth quotations will reach the level of 47.00. The signal for opening long positions will be fixation above 48.00. Short positions should be opened only after fixing below 44.00. Our medium-term outlook remains negative, but the price will probably continue to move within the corridor 44,00-47,00.
Nearest resistance levels: 47.00, 48.00, 49.65, 50.00, 51.50, 52.00, 54.00
Nearest support levels: 44.00, 42.00, 40.00, 38.00